Pull back series PT-1:Permagan*After reaching ATH it gets pull back to its prev.resistance lvl and also volumes are enough to support this pull back which indicates buying is seen from this level.
This strategy have 65-70% of success rate
Follow the FIVE rules below.
1)Book whole profit at TP if you want to free up capital
2)Stick to strict stoploss.
3)If you want to ride the momentum Use supertrend or Monthly MA(Length is based on your req) exit when hit.
4)Wait as long as it hits TP
5)Capital allocation depends on your self as it offer 1:4.
PERMAGN trade ideas
PERMAGNBSE:PERMAGN
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Permanent Magnets Ltd - Resistance + Trendline Breakout📊 Script: PERMAGN (PERMANENT MAGNETS LTD.)
📊 Sector: Electrical Equipment
📊 Industry: Engineering
Weekly Time-frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Already Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout which was working as resistance(sown in chart) in both time frame daily as well as weekly.
📈 Current RSI is around 83.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 597
⚠️ Stoploss ☠️🚫 - 468
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
PERMAGN - VCP Pattern in progress - Buy Watchlist#MK
#PERMAGN
#BSE listed stock
Permanent Magnets Limited
CMP 101
Buy ONLY above 115.
Stop 99
Target Open (Trail 10 weeks MA)
#VCP
33W 48/11 5T in progress.
Fundamentals
Positives:
YoY quarterly profit has shown a significant uptrend in the last 4 quarters.
Margins have also been steadily increasing.
Promoter holding 71.80%
Negatives:
Debt equity at 0.93
0.36% of shares pledged by promoters.
Qn-4 Qn-3 Qn-2 Qn-1
Sales 26.36% 30.92% 49.01% 18.20%
OP -9300.00% 19.80% 29.86% 1052.63%
NP -190.00% 36.11% 270.83% 444.44%
OPM 5.48% 5.35% 7.77% 14.95%
NPM 1.07% 2.17% 7.39% 10.04%